8 Suggestions for Making Healthcare Reform Work - Jim McNey, North Kansas City Hospital
Jim McNey, a speaker at the marcus evans National Healthcare CFO Summit Spring 2013, on positioning hospitals for success. Interview with: Jim McNey, Chief Financial Officer, North Kansas City Hospital
Published on: Mar 3, 2016
Transcripts - 8 Suggestions for Making Healthcare Reform Work - Jim McNey, North Kansas City Hospital
8 Suggestions for Making Healthcare Reform Work Jim McNey, a speaker at the marcus evans National Healthcare CFO Summit Spring 2013, on positioning hospitals for success. Interview with: Jim McNey, Chief Financial Officer, North Kansas City HospitalAs the care delivery model changes with the onset of healthcare reform, Chief Financial Officers (CFOs) will be keyleaders in guiding their organizations through the transformation from volume to value based care, says Jim McNey, ChiefFinancial Officer, North Kansas City Hospital.A speaker at the marcus evans National Healthcare CFO Summit Spring 2013, in Palm Beach, Florida, April 15-17,McNey gives advice on how Healthcare CFOs can help position their organizations for success.Broaden your horizons. Change brings new opportunities for those willing to adapt. Changes in reimbursement systems,such as bundled payments, shared savings, and pay for performance will drive changes in how healthcare is delivered. Asthe system moves towards population healthcare management, we will all need to build new relationships and determinewho to partner with in this new environment.Stop worrying about filling up hospital beds. Population healthcare management will require providers to rethink howcare is delivered. Outpatient care is growing along with the need for more Home Health Services. This requires a change ininvestment strategies.Integrate the physicians and clinical divisions. The transformation of the delivery system will require hospitals to notjust employ physicians, but to integrate them in the development of new care models. Physician leadership in changemanagement is crucial to the success of any effort.Drive up chronic care management. About five percent of the population uses 50 percent of healthcare resources, butthe current system does not focus on managing chronic care. As the system moves away from fee for servicereimbursement, we will need to develop ways to manage chronic patients and develop rational reimbursement models toincentivise the right care in the right location.Reach out to the community. Hospitals and health systems will need to develop partnerships with other communityproviders to rationalize the delivery of care. We will need to work more closely with health departments, employers,schools, and others to start enhance outcomes for the community.Work with health insurance brokers and employers. Providers have not developed close relationships with employers,who are paying the bills. We need to address how to help employers lower their healthcare costs. Work with employers tofind tools that focus on care management for chronic populations and ongoing monitoring systems to keep chronic patientsout of the emergency room.Drive excess cost out of the system. Address inefficiencies. We have created unnecessary expenses that do not provideany value to the ultimate consumer of healthcare. We must be the leaders in the development of strategies that willimprove outcomes and lower costs.Culture of quality. Quality is ultimately less expensive. By adopting a culture that focuses on eliminating mistakes, re-dosand re-admission, we will increase quality and decrease costs.
About the National Healthcare CFO Summit Spring 2013 The Finance Network – marcus evans Summits group This unique forum will take place at The Ritz-Carlton, Palm Beach, Florida, April delivers peer-to-peer information 15-17, 2013. Offering much more than any conference, exhibition or trade show, on strategic matters, professional this exclusive meeting will bring together esteemed industry thought leaders and trends and breakthrough solution providers to a highly focused and interactive networking event. The innovations. Summit includes presentations on positing a hospital for success, the impact of healthcare reform and getting a handle on operational expenses. www.nhcfosummit.com Please note that the Summit is a closed business event and the Contact number of participants strictly limited. Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: + 357 22 849 313 Email: email@example.com For more information please send an email to firstname.lastname@example.org All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to email@example.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsCFO Summit (North America) - www.cfosummits.comNational Healthcare CXO Summit - www.nhcxosummit.comTo view the web version of this interview, please click here: www.nhcfosummit.com/JimMcNey